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The presidency has explained that the recently introduced 15% import duty on petrol and diesel was designed to make these imported products less competitive and encourage local refining. It stated that the policy will also boost domestic capacity and ensure that Nigeria’s oil wealth translates directly into national prosperity. This disclosure is contained in a […]
The post Presidency says 15% import duty on petrol will favour local refineries, moderate prices appeared first on Nairametrics.
Hot SourceOil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have warned of the danger of creating monopoly with the newly introduced 15% import duty on petrol and diesel if local refineries are not properly checked by regulators. The post 15% Fuel Import Duty: PETROAN urges regulators to prevent monopoly in oil market appeared first on Nairametrics.
Hot SourceAt a one-day farewell conference held in honour of Professor Benedict Oramah, the immediate past President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), tributes poured in from across the continent, celebrating a man whose transformative leadership has reshaped Africa’s economic and trade landscape. The post Oramah’s legacy: How Afreximbank’s visionary leader redefined Africa’s trade and development appeared first on Nairametrics.
